Bill Text: NY A02934 | 2011-2012 | General Assembly | Introduced

New York Assembly Bill 2934 (Prior Session Legislation)

Introduced

Bill Title: Provides that no schedule or rating plan for non-commercial private passenger automobile insurance shall include a premium charge for comprehensive coverage, optional or otherwise, for coverage of a rental vehicle due to loss of an insured's vehicle if the insured policyholder is between the age of eighteen and twenty-five.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2012-05-23 - held for consideration in insurance [A02934 Detail]

Download: New_York-2011-A02934-Introduced.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         2934
                              2011-2012 Regular Sessions
                                 I N  A S S E M B L Y
                                   January 21, 2011
                                      ___________
       Introduced  by M. of A. CALHOUN, CROUCH -- read once and referred to the
         Committee on Insurance
       AN ACT to amend the insurance law, in relation  to  prohibiting  charges
         for  comprehensive  coverage  of  a  rental  vehicle due to loss of an
         insured's vehicle if the insured policy holder is between the ages  of
         eighteen and twenty-five
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Section 2336 of the insurance law is amended  by  adding  a
    2  new subsection (i) to read as follows:
    3    (I)  NO  SCHEDULE  OR RATING PLAN FOR NON-COMMERCIAL PRIVATE PASSENGER
    4  AUTOMOBILE INSURANCE SHALL INCLUDE A PREMIUM  CHARGE  FOR  COMPREHENSIVE
    5  COVERAGE, OPTIONAL OR OTHERWISE, FOR COVERAGE OF A RENTAL VEHICLE DUE TO
    6  LOSS  OF  USE  OF  AN  INSURED'S  VEHICLE IF THE INSURED POLICYHOLDER IS
    7  BETWEEN THE AGES OF EIGHTEEN AND TWENTY-FIVE.  THE FOREGOING  SHALL  NOT
    8  BE  APPLICABLE IF THE SUPERINTENDENT DETERMINES THAT A SUFFICIENT MARKET
    9  FOR RENTAL VEHICLES EXISTS FOR PERSONS IN THIS AGE GROUP ON A COUNTY  BY
   10  COUNTY BASIS.
   11    S 2. This act shall take effect on the one hundred twentieth day after
   12  it shall have become a law and shall apply to any insurance policies and
   13  contracts  issued,  renewed, modified or altered on or after such effec-
   14  tive date.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD02751-01-1